HgCapital Trust PLC Hg announces additional investment into Lyniate (1600Z)
January 21 2022 - 2:00AM
UK Regulatory
TIDMHGT
RNS Number : 1600Z
HgCapital Trust PLC
21 January 2022
Hg, the Manager of HgCapital Trust plc ("HGT"), today announces
an additional investment into Lyniate, a leader in healthcare data
interoperability. The terms of the transaction are not
disclosed.
HGT, whose shares are listed on the London Stock Exchange, gives
private and institutional investors the opportunity to participate
in all Hg's investments.
The transaction will result in HGT investing approximately
GBP8.1 million in Lyniate, alongside other institutional clients of
Hg. The transaction represents an uplift on HGT's current
investment in Lyniate of GBP7.5 million (21%) or 1.7 pence per
share over the carrying value of GBP35.4 million in the Net Asset
Value ("NAV") of HGT at 30 September 2021.
Note that these figures only relate to HGT's share of Hg's
overall investment in Lyniate.
Based on the 30 September 2021 reported NAV, the pro-forma NAV
of the Trust is expected to be GBP1.89 billion (or 416.2 pence per
share). HGT's liquid resources available for future deployment
(including all announced transactions, and equity raised via tap
issuance) are estimated to be GBP325 million (17% of the 30
September 2021 pro-forma NAV of GBP1.9 billion).
The investment will reduce HGT's outstanding commitments to
invest in Hg transactions to approximately GBP396 million (21% of
the 30 September 2021 pro-forma NAV).
For further details:
Hg
Tom Eckersley +44 (0)208 148 5401
HgCapital Trust
Laura Dixon +44 (0)20 8396 0930
Brunswick
Samantha Chiene +44 (0)207 404 5959
Hg@brunswickgroup.com
About Lyniate
Lyniate is building connections for a healthier world. Over 1300
healthcare organizations around the globe rely on Lyniate
interoperability solutions to connect people through increased
access to data. As a trusted partner, Lyniate powers the
applications and workflows that improve clinical, operational, and
financial outcomes today while helping healthcare teams to
understand, prepare for, and influence changes on the horizon.
Lyniate is committed to healthcare, from specialty clinics to large
networks, from payers to vendors, and everything in between. Visit
http://www.lyniate.com to connect.
About HgCapital Trust plc
HgCapital Trust plc, whose shares are listed on the London Stock
Exchange (ticker: HGT.L), gives investors exposure through a liquid
vehicle to a portfolio of high-growth private companies in the
software and services sector. The selection of new investments and
creation of value in these businesses are managed by Hg, an
experienced and well-resourced private equity firm with a long-term
track record of delivering superior risk-adjusted returns for its
investors. For further details, please see
www.hgcapitaltrust.com.
The contents of the Hg, HgCapital Trust and Lyniate's websites
are not incorporated into, and do not form part of, this
announcement.
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